Suppose a monopolist faces consumer demand given by

p=400-2q

with a constant marginal cost of $60 per unit (where marginal cost equals average total cost. assume the firm has no fixedcosts).

if the monopoly can only charge a single price, then it will earn profits of $ . (enter your response rounded as a whole number.)

correspondingly, consumer surplus is $ .

however, if the firm were to practice price discrimination such that consumer surplus becomes profit, then, holding output constant at 85 , the monopoly would have profits of $ .

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